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Entrep 1

The document discusses the origins and history of entrepreneurship, tracing it back to capitalism and early human trading practices. It defines an entrepreneur as a risk-taking individual who identifies opportunities and combines resources to create value, while also outlining key personal characteristics and traits of successful entrepreneurs. Additionally, it highlights specific programs aimed at promoting entrepreneurship, particularly in the context of small and medium enterprises (SMEs).

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3 views23 pages

Entrep 1

The document discusses the origins and history of entrepreneurship, tracing it back to capitalism and early human trading practices. It defines an entrepreneur as a risk-taking individual who identifies opportunities and combines resources to create value, while also outlining key personal characteristics and traits of successful entrepreneurs. Additionally, it highlights specific programs aimed at promoting entrepreneurship, particularly in the context of small and medium enterprises (SMEs).

Uploaded by

patscess6
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ENTREPRENEURSHIP

LESSON 1
LESSON 1:
Origin and History of
Entrepreneurship
Origins of Entrepreneurship

•The roots of entrepreneurship can be


traced to capitalism which pertains to an
economic, political and social system
which has its roots in the desire of private
citizens, produce goods and services that
the public need.
•The term entrepreneur is often traced to
the French words ENTREPRENDRE, or
one who undertakes
•a manager.
•Some researchers believe that it could also be
derived from other French words celui qui
entreprend which means those who get things
done.
• Hisrich, Peter and Shephered authors of
entrepreneurship consider Marco Polo as an early
entrepreneur, who search for new travel routes.
The beginning of
Entrepreneurship trade

• can be traced back to nearly 20,000 years ago.


• The first known trading between humans took
place in New Guinea around 17,000 BCE,
where locals would exchange obsidian ( a
volcanic glass prized for its used in hunting tools,
skins, and food).
These were the earliest entrepreneurs in human civilization. Some
common areas of specialization included:

 Hunting and Gathering


 Fishing
 Cooking
Tool making
 Shelter building
 clothes making
The 2004 – 2010 SME development plan
identities the following specific programs to
promote entrepreneurship.

• 1. Provisions of business opportunities


• 2. Strategic business planning
• 3. Product development and design services
• 4. Support the startup enterprises in selected areas
• 5. Business opportunity and enterprise creation approaches
• 6. Entrepreneurship training camps
• 7. Business opportunity development and
investment promotion for innovative ideas
• 8. Institutionalization of the SME opportunities
caravan
• Franchising seminars
• Cooperative business development program.
WHO IS AN
ENTREPRENEUR?
THE ENTREPRENEUR
• The founder and creator of the enterprise who
makes use of the opportunities that bound to start or
grow a business, knowing that there are risks involved
in such undertaking.
THE ENTREPRENEUR
• For an economist’s point of view, it is someone who
brings resources, labor, materials and other assets
into combinations that make their value greater that
before; also one who introduces changes, innovations
and new order.
• To a psychologist’s point of view, a person who is
typically driven by certain forces such as the need to
obtain or attain something, to experiment, to
accomplish, or perhaps to escape the authority of
others.
• From management perspective – Someone who identifies
opportunities, plans, mobilizes resources, manages, and
assumes the risks of a business to have a positive impact on
society.
Entrepreneurs’
Personal
Characteristics and
Traits
1.Passion for business
2.Tenacity despite failure
3.Confidence
4.Self-determination
5.Management of risk
6.Seeing changes as opportunity
7.Tolerance for ambiguity
8. Initiative and need for achievement
9. Eye for detail
10. Creativity
11. Seeing the big picture
12. Having several motivating factors
13. Goal Setting
14. Flexibility
Need for achievement
Desire for independence
To gain control over one’s fate
Build something for the challenge
Like the challenge
To live how and where one chooses
Philippine research
for Entrepreneurial
Traits
Achievement Cluster
• involve the desire to attain, accomplish or obtain a goal, or
something that has one aimed for:
1.Opportunity Seeking- being alert to opportunities that come the
entrepreneur's way.

2.Persistence- ability of an entrepreneur to remain steadfast, focused and


solution-oriented in spite of what could become roadblocks makes their business
more likely to succeed.
3.the act of binding yourself intellectually and
emotionally to a course of action.
4. Risk Taking- about dealing with uncertainty and
accepting that you could lose money, freedom
5. Efficiency and Quality Orientation- always
finds ways to do things faster or with fewer resources or
at a lower cost.
Planning Cluster

• Involves activities of choosing a goal, identifying strategies


and action plans to use in order to accomplish the goals,
and making the efficient choice of resources to attain the
goals.
1.Goal seeking
2.Information Seeking
3.Being Systematic in Planning and Monitoring
Power Cluster
•Involves the use of power to lead, to convince, to
rally people behind the business or a cause, and
to persuade them to let go of negative criticisms.
1.Being persuasive and a good in networking
2.Having strong self-confidence.

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